Preparing annual financial statements (68267306) - Learning manual

Sessions

Sessions

Description

This course is designed to help you understand the process of compiling a set financial statements using a final trial balance and other background information and the sundry disclosures required for a set of financial statements.

The key disclosure information from the Accounting Standards will be considered for each of the primary statements, as well as notes relating to the primary statements.

Key topics:

The form and content of financial statements

IAS 1 Presentation of Financial Statements

The statement of profit or loss and other comprehensive income

The statement of financial position

The statement of changes in equity

The statement of cash flows

IFRS 7 Financial Instruments: Presentation

IFRS 12 Disclosures of Interests in Other Entities

IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors

IAS 24 Related Party Disclosures

IAS 37 Provisions, Contingent Liabilities and Contingent Assets

In this course you will receive information about the topic area, and explore many application scenarios via a case study. This course consists of one hard copy learning manual and one online assessment.

Want to know more? Click below to view a sample of the learning manual:

Learning objectives

Prepare a statement of financial position, statement of profit or loss and other comprehensive income, and statement of changes in equity from trial balance information

Identify related notes and include this information in the financial statements

Identify the framework behind financial statements and the requirements for different companies

Identify the key themes of IAS 1 Presentation of Financial Statements

Prepare and understand sundry disclosure notes such as:

Related parties

Financial instruments

Contingent liabilities and commitments

Disclosure of standards issued not yet effective

Interests in other investments

Audience

This course is specifically designed for finance professionals who are involved in external reporting, financial management and financial accounting.